The Genotyping Assay Market is projected to reach USD 31.9 billion by 2023 from USD 11.8 billion in 2018, at a CAGR of 22.0%. This study involved the extensive use of both primary and secondary sources.
The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Genotyping Assay Market segmentation:
- Based on product
- Based on technology
- Based on Application
- Based on End User
- Based on Region
To know about the assumptions considered for the study download the pdf brochure, Here: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=249958595
The Major Players Operating in the Genotyping Assay Market:
The prominent players in the genotyping assay market are Thermo Fisher Scientific (US), Illumina (US), QIAGEN (Netherlands), Agilent Technologies (US), Danaher Corporation (US), Roche Diagnostics (Switzerland), GE Healthcare (US), Fluidigm Corporation (US), PerkinElmer (US), Eurofins Scientific (Luxembourg), Bio-Rad Laboratories (US), Pacific Biosciences of California (US), GENEWIZ (US), and Integrated DNA Technologies (US).
Illumina (US), Thermo Fisher Scientific (US), QIAGEN (Netherlands), Agilent Technologies (US), Danaher Corporation (US), Roche Diagnostics (Switzerland), GE Healthcare (US), Fluidigm Corporation (US), PerkinElmer (US), Eurofins Scientific (Luxembourg), Bio-Rad Laboratories (US), Pacific Biosciences of California (US), GENEWIZ (US), and Integrated DNA Technologies (US) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, approvals & enhancements; expansion; agreements, collaboration & partnerships; and acquisition.
Geographical Detailed Analysis for Genotyping Assay Market:
North America is expected to account for the largest share of the genotyping assay market in 2018, followed by Europe and the Asia Pacific. The increasing adoption of technologically advanced genotyping products, the high healthcare expenditure, presence of advanced healthcare infrastructure, highly developed healthcare systems in the US and Canada, large number of genotyping-based R&D projects, and the presence of a large number of leading genotyping manufacturers in the region, along with an increasing demand from pharmaceutical companies for genotyping products and rising investments by government bodies, are responsible for the large share of the North American genotyping market.
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According to the new market research report “Genotyping Assay Market by Technology (PCR, Sequencing, Microarray, Electrophoresis, MALDI-TOF), Application (Pharmacogenomics, Diagnostic Research, Animal Genetics, Agricultural Biotechnology), and Product – Global Forecast to 2023”, , published by MarketsandMarkets™,Genotyping Assay market to grow from USD 11.8 billion in 2018 to USD 31.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.0% during the forecast periodBrowse in-depth TOC on “Genotyping Assay Market”219 – Tables53 – Figures280 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=249958595The major factors that are expected to be driving the genotyping assay market are technological advancements and the decreasing prices of DNA sequencing.
The increasing incidence of genetic diseases and rising awareness of personalized medicine, growing importance of genotyping in drug development, and the increasing demand for bioinformatics solutions in data analysis are also expected to promote market growth in the coming years.
The objective of the report is to define, describe, and forecast the genotyping assay market size based on product & service, technology, application, end user, and region.Genotyping Assay market is estimated to be the largest segment for the marketBy product & service, the reagents and kits segment is expected to grow at the highest growth rate during the forecast period :Among the product & service, segment, the reagents and kits segment is expected to grow at the highest CAGR during the forecast period.
The factors attributing to the high growth are, the accessibility of a wide range of reagents, the increasing demand for reagents owing to the increasing genotyping test volumes across the globe, and the relatively smaller capital investment required to adopt reagents and kits for genotyping in pharmaceuticals and diagnostic centers.Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=249958595By technology, the sequencing segment to record the highest CAGR during the forecast periodThe sequencing segment is expected to witness a faster growth rate in this market due to factors such as, the increasing application areas of DNA sequencing technologies, technological advancements, the availability of high-speed sequencing instruments, and the growing uptake of the hybrid approach of sequencing.By application, the pharmacogenomics segment is expected to account for the largest share of the genotyping assay marketOn the basis of application, the genotyping market is segmented into pharmacogenomics, diagnostics & personalized medicine, agricultural biotechnology, animal genetics, and other applications.The pharmacogenomics segment is expected to account for the largest share of the genotyping market during the forecast period.
The large share of this segment can be attributed to the increasing use of genotyping to predict the efficiency of drugs during drug development and the growing need to understand the adverse effects of drugs.Prominent players in the Genotyping Assay Market are Thermo Fisher Scientific (US), Illumina (US), QIAGEN (Netherlands), Agilent Technologies (US), Danaher Corporation (US), Roche Diagnostics (Switzerland), GE Healthcare (US), Fluidigm Corporation (US), PerkinElmer (US), Eurofins Scientific (Luxembourg), Bio-Rad Laboratories (US), Pacific Biosciences of California (US), GENEWIZ (US), and Integrated DNA Technologies (US)To speak to our analyst for a discussion on the above findings, click Speak to Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=249958595
The report analyzes the market by product & service, type of medical device, application, and region.
On the basis of product & service, the reprocessing support and services segment accounted for the largest share in 2016, owing to the increased adoption of third-party reprocessing services over in-house reprocessing services by hospitals, clinics, surgical centers, clinical pathologies, and other healthcare organizations.The major factors that are expected to be driving the genotyping assay market are technological advancements and the decreasing prices of DNA sequencing.
The increasing incidence of genetic diseases and rising awareness of personalized medicine, growing importance of genotyping in drug development, and the increasing demand for bioinformatics solutions in data analysis are also expected to promote market growth in the coming years.
The objective of the report is to define, describe, and forecast the genotyping assay market size based on product & service, technology, application, end user, and region.MarketsandMarkets forecasts the Genotyping Assay market to grow from USD 11.8 billion in 2018 to USD 31.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.0% during the forecast period.Market Dynamics1.
Low Prices of Reprocessed Medical Devices2.
Pressure to Reduce Volume of Regulated Medical WasteThe sequencing segment is expected to witness a faster growth rate in this market due to factors such as, the increasing application areas of DNA sequencing technologies, technological advancements, the availability of high-speed sequencing instruments, and the growing uptake of the hybrid approach of sequencing.Get a sample PDF copy of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=249958595The pharmaceutical and biopharmaceutical companies segment is expected to witness the highest growth during the forecast period.
Global Genotyping Assay Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the COVID-19 Impact and Recovery on this industry.Browse the complete Global Genotyping Assay Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/41205-genotyping-assay-market-reportThe report also covers the complete competitive landscape of the global Genotyping Assay market with company profiles of key players such as: DanaherRocheGEThermo Fisher ScientificAgilent TechnologiesIlluminaBio-Rad LaboratoriesQiagenPerkinelmerFluidigmBrooks Automation (Genewiz)Eurofins ScientificPacific Biosciences of CaliforniaThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeInstrumentsReagents & KitsBy ApplicationPharmaceutical and Biopharmaceutical CompaniesDiagnostic and Research LaboratoriesAcademic InstitutesOthersBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Genotyping Assay Market @ https://www.decisiondatabases.com/contact/download-sample-41205The Global Genotyping Assay Market has been exhibited in detail in the following chapters – Chapter 1 Genotyping Assay Market Preface Chapter 2 Executive Summary Chapter 3 Genotyping Assay Industry Analysis Chapter 4 Genotyping Assay Market Value Chain Analysis Chapter 5 Genotyping Assay Market Analysis By Type Chapter 6 Genotyping Assay Market Analysis By Application Chapter 7 Genotyping Assay Market Analysis By Geography Chapter 8 Competitive Landscape Of Genotyping Assay Companies Chapter 9 Company Profiles Of Genotyping Assay IndustryPurchase the complete Global Genotyping Assay Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-41205Other Reports by DecisionDatabases.com:Global Oxidative Stress Assay Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Stem Cell Assay Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Singleplex Immunoassay Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us: DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
The Global Genotyping Assay Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Genotyping Assay Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/41205-genotyping-assay-market-reportThe report also covers the complete competitive landscape of the global Genotyping Assay market with company profiles of key players such as: DanaherRocheGEThermo Fisher ScientificAgilent TechnologiesIlluminaBio-Rad LaboratoriesQiagenPerkinelmerFluidigmBrooks Automation (Genewiz)Eurofins ScientificPacific Biosciences of CaliforniaThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeInstrumentsReagents & KitsBy ApplicationPharmaceutical and Biopharmaceutical CompaniesDiagnostic and Research LaboratoriesAcademic InstitutesOthersBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Genotyping Assay Market @ https://www.decisiondatabases.com/contact/download-sample-41205The Global Genotyping Assay Market has been exhibited in detail in the following chapters –Chapter 1 Genotyping Assay Market Preface Chapter 2 Executive SummaryChapter 3 Genotyping Assay Industry AnalysisChapter 4 Genotyping Assay Market Value Chain AnalysisChapter 5 Genotyping Assay Market Analysis By TypeChapter 6 Genotyping Assay Market Analysis By ApplicationChapter 7 Genotyping Assay Market Analysis By GeographyChapter 8 Competitive Landscape Of Genotyping Assay CompaniesChapter 9 Company Profiles Of Genotyping Assay IndustryPurchase the complete Global Genotyping Assay Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-41205Other Reports by DecisionDatabases.com:Global Oxidative Stress Assay Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Stem Cell Assay Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Singleplex Immunoassay Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
Genotyping Market Information by Technology (Sequencing, Capillary Electrophoresis, PCR, and Others), Product (Reagents and Kits and Others), Application (Diagnostics and Others), End-User (Hospitals, Diagnostic Centers), and Region-Global Forecast till 2023Increasing burden of genetic disorders has raised awareness and encouraged investments for effective treatments.
This, in turn, is likely to enable genotyping in gaining quick mileage over the next few years.
According to the report circulated by Market Research Future (MRFR), the Global Genotyping Assay Market is projected to register a CAGR of 22.5% during the assessment period 2018 to 2023.Human genotyping is gaining momentum owing to the rising burden of genetic disorders.
However, the lack of skilled personnel can pose a challenge to players of the genotyping market.Genotyping Market Competitive Dashboard:QIAGEN, Illumina, Inc, Affymetrix, Inc., Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., General Electric Company, Fluidigm Corporation, F. Hoffmann-La Roche Ltd, Sequenom, and Beckman Coulter, Inc. are some of the leaders in the global genotyping market profiled in this MRFR report.
The growth trajectory of the genotyping market is likely to attract new entrants, thus, facilitating expansion and revenue generation.
Strategies developed by the participants of the genotyping market for growth are mergers & acquisitions, collaborations, agreements, memorandum of understanding, increasing research activities, etc.Genotyping Market Segmentation:Based on technology, the global genotyping market has been segmented into sequencing, PCR, microarray, capillary electrophoresis, and mass spectrometry.